How Much Does 1997 Honda CR-V Insurance Cost?

Are you a victim of an underperforming, overpriced car insurance policy? Believe me, many consumers feel financially strained by their car insurance policy.

Since consumers have many insurance providers from which to choose, it can be impossible to pick the best provider.

Factors determining your Honda CR-V insurance premium

It’s important that you understand the different types of things that come into play when calculating the price you pay for auto insurance. Knowing what impacts premium levels empowers consumers to make smart changes that could result in big savings.

  • Do you have a high stress job? – Occupations like judges, executives and stock brokers have the highest rates in part from job stress and lengthy work days. On the other hand, occupations like actors, students and retirees get better rates on CR-V coverage.
  • How your age affects price – Teenage drivers tend to get distracted easily when behind the wheel so they pay higher auto insurance rates. Older insureds are more responsible, tend to file fewer claims and receive fewer citations.
  • An active claims history can cost you – If you frequently file small claims, you can look forward to either higher rates or even cancellation. Insurance companies award cheaper rates to insureds who do not rely on their insurance for small claims. Car insurance is meant to be used in the event of larger claims.
  • Careful drivers pay lower rates – Only having one citation can increase rates forty percent or more. Good drivers have lower premiums than bad drivers. Drivers with serious tickets like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
  • Safe vehicles cost less to insure – Safer cars can get you lower premiums. Safe vehicles have better occupant injury protection and better occupant protection means lower claim amounts and more competitive rates for policyholders. If the Honda CR-V scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Poor credit can mean higher rates – A driver’s credit rating is a huge factor in determining what you pay for auto insurance. Drivers with good credit tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. So if your credit rating can use some improvement, you could save money insuring your 1997 Honda CR-V by improving your rating.

Get lower rates on Honda CR-V insurance

Car insurance is not cheap, but companies offer discounts that many people don’t even know exist. A few discounts will automatically apply at the time of purchase, but lesser-known reductions have to be asked about before being credited.

  • Multi-policy Discount – If you have multiple policies with the same insurance company you may save at least 10% off all policies.
  • Drive Safe and Save – Safe drivers may receive a discount up to 45% less on CR-V coverage than drivers with accident claims.
  • Clubs and Organizations – Being a member of a professional or civic organization may earn a discount when shopping for auto insurance on CR-V coverage.
  • Paperwork-free – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up online.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Honda can earn better rates on cars that stay parked.
  • Accident Forgiveness – A few companies permit an accident before hitting you with a surcharge so long as you haven’t had any claims for a particular time prior to the accident.
  • Safety Course Discount – Taking a course teaching defensive driving skills could cut 5% off your bill if you qualify.
  • Resident Student – Youth drivers who are attending college and don’t have a car may qualify for this discount.

As a disclaimer on discounts, some credits don’t apply the the whole policy. The majority will only reduce specific coverage prices like collision or personal injury protection. So even though they make it sound like you could get a free auto insurance policy, companies don’t profit that way. But any discount will help reduce the cost of coverage.

A partial list of companies that possibly offer these money-saving discounts include:

Double check with every prospective company which discounts they offer. Some discounts might not be offered everywhere.

Can you really save $464 a year?

21st Century, Allstate and State Farm constantly bombard you with television and radio advertisements. All the companies say the same thing of big savings if you switch your coverage to them. How do they all say the same thing? It’s all in the numbers.

All companies have a certain “appetite” for the driver that earns them a profit. For instance, a driver they prefer could be between 30 and 50, a clean driving record, and has great credit. Any new insured who fits that profile will get the preferred rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who don’t qualify for these standards must pay higher rates and ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” not “everybody who quotes” save that much money. That’s why companies can truthfully make the claims of big savings.

This illustrates why it is so important to get as many comparisons as possible. Because you never know which insurance company will fit your personal profile best.

Tailor your coverage to you

When choosing adequate coverage, there is no cookie cutter policy. Each situation is unique so your insurance should reflect that For instance, these questions might point out if your situation would benefit from professional advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Do I have coverage for damage caused while driving under the influence?
  • How do I file an SR-22 for a DUI in my state?
  • How high should my uninsured/underinsured coverage be in my state?
  • Should I drop comprehensive coverage on older vehicles?
  • Where can I get insurance after a DUI in my state?
  • What is the minimum liability in my state?
  • Is extra glass coverage worth it?
  • Is my babysitter covered when using my vehicle?
  • Can I afford to pay high deductible claims out of pocket?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Auto insurance coverage specifics

Learning about specific coverages of your policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are the usual coverages found on most auto insurance policies.

Collision – Collision coverage covers damage to your CR-V resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a ditch, hitting a parking meter, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage for liability – Liability coverage can cover damage or injury you incur to people or other property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like medical services, legal defense fees, emergency aid and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Comprehensive auto insurance – Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like a tree branch falling on your vehicle, theft, damage from a tornado or hurricane, damage from getting keyed and falling objects. The most your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers – This coverage provides protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your 1997 Honda CR-V.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are set the same as your liablity limits.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as EMT expenses, dental work, surgery, doctor visits and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Be a smart shopper

As you restructure your insurance plan, make sure you don’t skimp on critical coverages to save a buck or two. There are too many instances where someone dropped liability coverage limits only to find out that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible at a price you can afford while still protecting your assets.

Cheap 1997 Honda CR-V insurance is possible both online in addition to many insurance agents, and you should be comparing both to have the best chance of lowering rates. A few companies do not provide online price quotes and many times these smaller companies only sell through independent insurance agents.

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